Fishing Activities

 Fishing Income Categories

  • Fish products

  • Other marine products

  • Grants, credits, and rebates

  • Subsidies

  • Compensation for loss of fishing income or property

  • Shareperson income (also include the name of the fishing boat and captain)

Fishing Expense Categories

  • Salt, bait, and ice

  • Crew shares

  • Fuel costs (except for motor vehicles)

  • Fishing gear

  • Value of nets, traps, twine, etc at the end of the prior year

  • Costs of nets, traps, twine, net material, and trap material for the current year

  • Fishing boat repairs and maintenance

  • Engine repairs and maintenance

  • Electrical equipement repairs and maintenance

  • Insurance recovery related to the above repairs and maintenance costs

  • Private health services plan premiums

Print Friendly and PDF